First National Trust Co Reduces Stock Position in Bank of America Corporation $BAC

Posted by James Conley on Feb 10th, 2026

First National Trust Co decreased its holdings in Bank of America Corporation (NYSE:BAC) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,027 shares of the financial services provider’s stock after selling 19,070 shares during the period. First National Trust Co’s holdings in Bank of America were worth $8,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quaker Wealth Management LLC raised its holdings in shares of Bank of America by 246.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 880 shares in the last quarter. Steph & Co. lifted its holdings in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the period. CGC Financial Services LLC boosted its position in Bank of America by 585.4% during the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 521 shares in the last quarter. Marquette Asset Management LLC purchased a new position in shares of Bank of America in the 3rd quarter valued at $30,000. Finally, Collier Financial bought a new position in shares of Bank of America in the 3rd quarter worth $30,000. 70.71% of the stock is currently owned by institutional investors.

Bank of America Price Performance

Shares of Bank of America stock opened at $56.43 on Tuesday. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $54.45 and a 200 day moving average price of $51.92. The firm has a market cap of $412.08 billion, a PE ratio of 14.73, a P/E/G ratio of 1.38 and a beta of 1.29.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Sell-side analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. Bank of America’s dividend payout ratio is presently 29.24%.

Analysts Set New Price Targets

BAC has been the topic of several analyst reports. Barclays lifted their target price on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. TD Cowen cut their price objective on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Keefe, Bruyette & Woods decreased their target price on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. HSBC lifted their price target on shares of Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Friday. Finally, CICC Research started coverage on Bank of America in a report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective for the company. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Bank of America has an average rating of “Moderate Buy” and an average target price of $60.30.

Check Out Our Latest Report on BAC

Bank of America News Summary

Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Management kept the quarterly dividend at $0.28 and recent quarterly results showed an EPS beat and revenue growth, reinforcing income and earnings stability for the stock. Bank of America (BAC) Maintains Dividend Amid Strong Earnings and Moderate Outlook
Positive Sentiment: Analyst activity turned constructive: a published price-target raise to $57.00 and at least one upgrade pushed sentiment higher recently, which supported gains before today. Bank of America (NYSE:BAC) Price Target Raised to $57.00
Neutral Sentiment: Bank of America Securities continued active coverage and model updates on other companies (e.g., Uber) — these are evidence of the firm’s research reach but are not direct drivers of BAC’s fundamentals. Bank of America resets Uber stock price after earnings
Neutral Sentiment: Multiple BofA Securities notes (TipRanks roundups) reiterated ratings on several unrelated companies; these reflect routine research flow and have limited direct impact on BAC’s valuation. Nexa Resources: Weaker 2026–2028 Production… (example BofA research)
Negative Sentiment: A Bank of America research note highlighted a “really big” risk to the bond market — slowing rebalancing flows that could reduce bond demand. That dynamic can hurt fixed-income trading and underwriting revenue for banks and increase volatility, weighing on BAC’s outlook. Bank of America flags a really big risk to bonds — the stock market

Bank of America Company Profile

(Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.